White & Case advises FEFA on MXN 5.2 billion bond issuance, including MXN 3.0 billion gender bond
1 min read
Global law firm White & Case LLP has advised Fondo Especial para Financiamientos Agropecuarios (FEFA) on a bond issuance for an aggregate total of MXN 5.2 billion, approximately US$307 million, divided into two tranches. The bonds were placed on the Stock Exchange, Bolsa Institucional de Valores, S.A. de C.V. (BIVA), and include a gender bond issued for MXN 3.0 billion with a three-year maturity at a risk-free floating interest rate.
This is the first time FEFA has issued a gender bond, which is focused on micro-credits for women, promoting opportunities for business development, self-employment and financial inclusion for women under FEFA's new sustainable bonds framework.
Established in 1965, FEFA is the Mexican governmental development agency dedicated to financing the agriculture sector. It offers financing, subsidies and other services for production, recollection and distribution of goods and services through long-term financing for the acquisition of machinery, equipment, installations and more. FEFA is integrated as part of the Trust Funds for Rural Development (FIRA), which operates as a second-tier development bank offering credit and guarantees, training, technical assistance and technology-transfer support to the agriculture, livestock, fishing, forestry and agribusiness sectors in Mexico.
The White & Case team in Mexico City was led by partner Carlos Mainero and counsel Eric Quiles, and included associates Simon Micha, Viridiana Alanis and Santiago Ángeles.
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